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Egypt Foreign Reserves Drop For First Time Post-Devaluation
Egypt >> 1/8/2019 - Egypt’s foreign currency reserves fell to $42.551 billion in December from $44.513 billion in November, the central bank said, the first drop since a 2016 currency devaluation.

The last time ...
Kuwait Bourse Benchmark Rises 1.5 Points
Kuwait >> 1/8/2019 - Kuwait's stock exchange, known as Boursa Kuwait, ended trading with the benchmark index gaining 1.5 points to reach 5178.4 points, an increase of 0.3 percent. The All Share trade volume hit 232.6 mil...
Samsung, Like Apple, Feels Sting of Slowing Global Growth
Egypt >> 1/8/2019 - Samsung expects its quarterly operating profit to fall 29 percent compared with last year, adding to the tech sector's unease about the effect of slowing global economic growth on the industry.
World Bank Appoints New Regional Director for Egypt, Yemen, Djibouti
Yemen >> 1/8/2019 - The World Bank announced on Tuesday the appointment of Marina Wes as its regional director for Egypt, Yemen and Djibouti.

Prior to this assignment, she was the Country Director for the Wes...
Sharjah Chamber Explores Strengthening Economic Relations with US
United Arab Emirates >> 1/8/2019 - The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with the commercial office of the Consulate General of the United States in Dubai on enhancing economic relations between the emira...
Saudi Exports Will Hold a Meeting to Match Business with 35 Pakistani Companies Next Sunday
Saudi Arabia >> 1/9/2019 - The Saudi Export Development Authority ''Saudi Exports'' will organize next Sunday meetings of Saudi-Pakistani Trade Mission with the participation of 65 national companies and 35 Pakistani companies ...
World Bank Raises Algeria’s Growth Forecasts For 2019-2020
Algeria >> 1/9/2019 - The World Bank has raised its growth forecasts for the Algerian economy in 2019 and 2020, according to the updated forecasts of this international financial institution, published , in Washington.
Benmessaoud Underlines Importance of Tourism in Economic Development
Algeria >> 1/9/2019 - Minister of Tourism and Craft Industry Abdelakder Benmessaoud called , in Algiers, all the sector’s players and partners to make further efforts to promote tourism activity so that it contributes to t...
Global Economic Growth to Slow to 2.9 Pct in 2019- World Bank
Jordan >> 1/9/2019 - Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank (WB) said .

In its s...
The Minister of Industry, Commerce Receives Executive Regional Director of Al Futtaim Group
Bahrain >> 1/9/2019 - The Minister of Industry, Commerce and Tourism Mr. Zayed R. Alzayani received Executive Regional Director of Al Futtaim Group - Carefour Mr. Herve Majidier in presence of Undersecretary of Commerce Af...
Standard Chartered: Egypt Economy among 10 Top Countries By 2030
Egypt >> 1/9/2019 - Britain's Standard Chartered Bank forecast that Egypt will be ranked 7th among the world's top 10 economies by 2030. Seven of the world’s top 10 economies by 2030 will likely be current emerging mar...
WB Forecasts Egypt's Economic Growth At 5.7% 2019
Egypt >> 1/9/2019 - The World Bank (WB) forecasts that Egypt's economic growth will accelerate to 5.6 percent in the 2018/19 fiscal year, and on an annual basis of 5.7% in 2019, as investment is supported by reforms that...
Standard Chartered: Egypt Economy Among 10 Top Countries By 2030
Egypt >> 1/9/2019 - Seven of the world’s top 10 economies by 2030 will likely be current emerging markets, Bloomberg reported citing a note by Standard Chartered Plc.

The prediction for a shake-up of the world’...
WB Forecasts Egypt's Economic Growth At 5.7% 2019
Egypt >> 1/9/2019 - The World Bank (WB) forecasts that Egypt's economic growth will accelerate to 5.6 percent in the 2018/19 fiscal year, and on an annual basis of 5.7% in 2019, as investment is supported by reforms that...
Samsung, Like Apple, Feels Sting of Slowing Global Growth
Egypt >> 1/9/2019 - Samsung expects its quarterly operating profit to fall 29 percent compared with last year, adding to the tech sector's unease about the effect of slowing global economic growth on the industry.
Eu Opens In-Depth Probe Of Nike's Tax Deals In The Netherlands
Egypt >> 1/10/2019 - The EU launched an in-depth probe into Nike's tax affairs in the Netherlands, following revelations in the "Paradise Papers" scandal that exposed low tax deals for multinationals. The European Commis...
Finance Ministry Auctions T-Bills worth EGP 18bn
Egypt >> 1/11/2019 - The Ministry of Finance auctioned treasury bills at a total value of EGP 18 billion.

In an online statement, the ministry said it sold 182-day T-bills worth EGP 8.750 billion with an average...
Egypt Bourse Gains EGP 8 Billion in 4 Sessions, Indexes Show Mixed Performance
Egypt >> 1/11/2019 - The Egyptian Exchange (EGX) indexes recorded gains amounting to EGP eight billion during four sessions this week.

The market capital hit about EGP 765.1 billion in comparison with EGP 757.1 b...
Germany Hails Egypt's Successful Economic Reform Program
Egypt >> 1/12/2019 - Germany's Vice Chancellor and Finance Minister Olaf Scholz has hailed the success achieved in the Egyptian economic reform program.

Scholz was speaking during a meeting with Egyptian Prime Mi...
Mercedes-Benz Seeks Resuming Production in Egypt
Egypt >> 1/12/2019 - Mercedes-Benz looks forward to resuming production in Egypt soon, said a senior official of the German company .

The global vehicle manufacturer also considers additional models in Egypt, Mar...

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